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Will the Democrats win the Iowa governor race in 2026?

9 of 14 top Polymarket traders hold Yes (64%) · Yes at 86¢ · $32K held · ends Nov 4

Yes86¢No14¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

🔬

Research candidate

Yes

Consensus Traders

14

Yes 64%

Total Value

$31.7K

Combined PnL

-$548.48

Smart Money Entry

86.9¢ → 86¢

-1% since entry · 9 traders

Research grade

Research candidateYes at 86%

Matches a rule that looked positive after costs in the short windows of our Oct 22 2026 backtest. The full-year test without hindsight (Oct 26 2026) found no evidence for any of these rules: out of sample they lost money or were noise. A label for a pattern that once looked good, not an edge and not a recommendation.

  • Quality net +3 or moreNot confirmed. Oct 22 backtest: net +3 when the consensus formed made +7.2 % a trade (n 358), with 5 events giving two thirds of it. Full year, out of sample, the closest rule (3+ proven winners, two thirds on the side) lost −1.9 % a trade (n 49,161, 95 % CI −2.6 to −1.1).
  • Favourite (60–95¢)Full year, out of sample: 0.70–0.90 lost −0.9 % a trade (n 26,050, 95 % CI −1.5 to −0.3): the least bad band, still a loss. The Oct 22 backtest's +0.4 % (n 4,327) was not confirmed.

The rules come from our Oct 22 2026 backtest (one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees). Our full-year test without hindsight (Oct 26 2026) found none of them profitable out of sample, and the plain consensus lost −3.0 % a trade. The grade describes the market; it is not a forecast, not an edge and not advice.

Smart Money Signal

Yes

9 of 14 top traders (64%)5 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes86%
No14%

Smart Money Breakdown by Outcome

Yes9 traders
Total Value$30.5K
Total Shares35,468
Combined PnL-$263.41
No5 traders
Total Value$1.1K
Total Shares8,752
Combined PnL-$285.07
Yes — 64%No — 36%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

9 traders

Top 2 hold 70%

Freshness

Late

4825h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

64% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 70% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleYes 80% · 5
Aligned
sharpYes 83% · 6
Aligned
ctrNo 80% · 5
Diverging
Hand-pickedYes 86% · 7
Aligned
Top 1000Yes 56% · 9
Aligned

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EV Calculator

Consensus % is how many tracked traders hold a side, not a win probability.

Break-even chance87.5%

86.0¢ price + 1.0¢ spread + 0.5¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$14.35
Max Loss
-$100.00
Shares
114.3

A market order pays the taker fee and crosses the spread (assumed 1.0¢); a limit order pays no fee but may not fill. The fee category is a guess from the title.

Market Info

Condition ID
0xd73a3ca0...13d896
Slug
will-the-democrats-win-the-iowa-governor-race-in-2026
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